Are houses selling quicker?

N

nbc

Registered User
Messages
286
Someone told me yesterday that there were 7 houses in their area(village in dublin) on sale for months and months and all have sold in the last month. I was happy to hear this but wonder is it a once off?
nbc
 
Only thing I would say is that the reports over on thepropertypin are that there is demand for 3/4 bed semi's in Dublin - with a pickup in demand in S.C.D.
However - I'm open to correction - but I think property market speculation is not permitted on aam.
 
Bigger issue with a question like this is how do you measure it? Most good houses at the right price have been selling quickly throughout and should continue to do so.

The lack of supply is forcing some people to start being less picky and probably helping with the sale of other properties. Remember certain groups will always "need" to buy and sell at different times irrespective of what is going on in the rest of the world.
 
It could be the mortgage interest relief, youd wanna be buying around now to make sure its all sorted by the end of the year
 
Yes, they're selling quicker. Houses that seem to have languished for months, even over a year, have all started to clear in the past 4 months (area I'm looking at is SCD, 4 bed family home). Some houses going sale agreed within 2 months of coming on the market.

And this has led to a lot of houses fresh on the market upping their prices by 10-15% compared to what other houses on the same road were asking just 6 months ago. And they too seem to be moving.
Crazy IMO, pure crazy....we'll never learn

(I'm conscious of the rules on discussing property prices on AAM so hope I have'nt infringed on that with my comments above)
 
I have been searching in the Dublin 16 and Dublin 14 area for the last 3 or 4 months. And I would say 90% of homes in this area are gone sale agreed/sold. Each house I've been viewing could have between 5 and 20 people looking at it if thats anything to go by!!
 

We bought a house last year, following a search in the same area and can categorically say that there were hardly any other viewers at that time. The houses also seemed to be on the market for ages then.

Seems to be more interest now from buyers, but the banks seem still slow to lend.
 
Delboy said:
And this has led to a lot of houses fresh on the market upping their prices by 10-15% compared to what other houses on the same road were asking just 6 months ago. And they too seem to be moving.
Crazy IMO, pure crazy....we'll never learn
Click to expand...

There is reports of these higher priced houses going for large discounts, i.e. the sellers pricing in the discounts to let them shift quicker. But we'll never know until (if?) the house price database comes out, and even then the number of transactions means that it'll be near impossible to get a real basis for comparison, not that it matters much. The faster sale times does as it should increase the number of properties for sale indirectly.

For example in the last two months I've bid on two houses on the same street in the same estate. Both are the same size, one just has a different finish to the front, yet one of them is worth a fair bit less than the other for a number of other reasons. You'll never pick something like that up from the database.

One of the most important things to come from the release of the price database will not actually be the prices but the true volumes of properties selling. The existing series just cover mortgage data, not cash sales, and no one is able to give a real figure for that side of things. A healthy property market is determined by the number of transactions more so than the price of those transactions. It was true in the boom years, it is more so true now.
 


Very good point. The register won't distinguish between south/north facing gardens, or a house near a busy bend versus a quiet cul de sac, for example.
 
It appears to me also that 3/4 bed semis in Dublin and surrounding areas are selling more quickly at the moment. I assume that the imminent end of mortgage interest relief has spurred on some first-time buyers.
 
You must log in or register to reply here.
Menu
Log in
Register